Cholamandalam Investment and Finance Company Limited has informed the Exchange regarding allotment of 200000 securities pursuant to Non Convertible Securities at its meeting held on March 20, 2026
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Cholamandalam Investment and Finance Company has raised ₹2,000 crore by allotting 2,00,000 secured non-convertible debentures (NCDs) through a private placement on the NSE Electronic Book Platform. The NCDs carry a coupon of 7.94% per annum, payable annually, with a 3-year maturity ending March 20, 2029. The issue includes a green shoe option of ₹1,000 crore, meaning the total size could expand to ₹3,000 crore. The securities are secured at 1x cover and will be listed on the NSE Wholesale Debt Market (WDM) segment.
This is a routine liability-management exercise for the NBFC, raising competitively priced secured funding (7.94% for 3 years) to support lending growth. No equity dilution; positive signal on access to debt markets at reasonable cost.